MIA posts €50M profit as passenger traffic drives 15% revenue growth
MIA posts €50M profit as revenue hits €136.5M, driven by 15% passenger growth. Hotel development and terminal expansion continue.
Malta International Airport generated a net profit of €50.6 million in the first nine months of 2026, as rising passenger traffic supported revenue growth and continued investment in its terminal and commercial property developments.
Revenue reached €136.5 million, up approximately 15% annually. Passenger movements increased 14.5% to more than 8.7 million between January and September.
The airport’s financial announcement, published on 12 November, records capital expenditure of €41.9 million for the period. The terminal’s eastwards expansion and SkyParks Business Centre 2 were major contributors.
Higher activity also increased operating costs. Staff expenditure rose 5.9%, while other operating expenses increased 10.9%.
Revenue nevertheless grew faster than operating costs, supporting improved earnings. Net profit was approximately 22% higher than the €41.4 million recorded in the corresponding period of 2025.
SkyParks 2 is part of the airport’s effort to broaden its property and commercial income. Its hotel block reached shell stage in September, ahead of the remaining fit-out and operational preparations.
The planned four-star hotel will be operated by Claret Group under Accor’s Tribe brand. Completion of the building shell represents a construction milestone rather than the opening of the hotel.
Passenger demand remained strong after the reporting period, with 1,049,778 movements in October. The UK was the largest market, followed by Italy and Poland.
The airport said the nine-month results positioned it to meet its financial guidance issued in July.
Its next stage of growth combines two linked tasks: expanding capacity for aviation activity and completing property investments intended to provide additional income alongside the core airport business.